Assets After Sentiment Improved

(Reuters) - European shares joined a global rally in riskier assets on Tuesday and German bond prices fell as hopes grew that European leaders would agree on fresh action to tackle the debt crisis while promoting growth. Sentiment also improved after reports emerged from China that Beijing will accelerate infrastructure investment to combat slowing growth. The FTSE Eurofirst .FTEU3 index of top European shares opened up 0.5 percent at 979.55 points, extending a recovery from five-month lows hit on Monday. MSCI's global equity index .MIWD00000PUS rose 0.5 percent to 302.89 and back into positive territory for the year. But while market participants were using the improved tone to hunt for bargains, sentiment remained fragile due to concerns about the impact of a possible exit by Greece ...

Spain's banking sector said to be calling on market regulator for renewed ban on short-selling Economic Data (EU) ECB: €809M borrowed in overnight loan facility €839M prior; €762.4B parked in deposit facility v €785.1B prior (JP) Japan Apr Nationwide Dept. Sales Y/Y: 1.3% v 14.1% prior; Tokyo Dept. Store Sales Y/Y: 6.7% v 26.7% prior (IN) India Apr CPI Y/Y: 10.4% v 9.4% prior (DE) Germany Apr Producer Prices M/M: 0.2% v 0.3%e; Y/Y: 2.4% v 2.5%e (HU) Hungary Mar Avg Gross Wages Y/Y: 2.7% v 6.5%e v 6.9% prior (RU) Russia Narrow Money Supply w/e May 14th (RUB): 6.93T v 6.88T prior (ES) Spain Central Bank (BOS): Mar Bad Loan Ratio at 8.37% v 8.16% prior; - Lending -3.1% y/ym, Deposits -4.2% y/y (IT) Italy Mar Industrial Orders M/M: 3.5% v 1.0%e; Y/Y: -14.3% v -13.2% prior (IT) Italy ...

Dukascopy Fundamental Analysis EUR Moody's reduced credit rating of 16 Span's banks, citing a rise in bad debts in the country's financial sector and overall deterioration of the economic environment. The decision came after shares of Bankia lost another 14%. The largest banks such as Banco Santander and BBVA were downgraded while ten out of 17 banks were put on negative watch, implying that further credit rating cuts are possible. USD As the U.S. dollar gets stronger, investors are concerned that aggravating debt crisis in Europe will reduce demand for oil. Therefore, oil shows decline for a third week. Crude oil lost 25 cents yesterday and reached the 6-month low of $92.56. Brent oil for July delivery slid 0.5 percent to finish at $106.99. GBP Following a downgrade of 16 Spanish banks, ...

Brent crude oil edged up on Tuesday on as the euro zone narrowly avoided recession and as better-than-forecast German first-quarter GDP data raised hopes that Germany would steer the way through the European debt crisis. The euro zone economy stagnated with zero growth, the EU's statistics office Eurostat said on Tuesday, going against expectations of a recession. The results were more positive than forecast, boosting riskier assets, and counterbalancing Greek political woes and a strengthening dollar. However, analysts believe the downward trend will ultimately prevail. Brent crude rose by 53 cents to $112.10 a barrel by 1454 GMT and erasing the previous session's losses, when prices slid to $110.04, the lowest intraday price since January 25. U.S. crude fell 3 cents to $94.75 a ...

Stocks rose on Friday after a strong outlook from chipmaker Nvidia and surprisingly robust consumer confidence offset a slide in bank shares after disclosures of huge trading losses at JPMorgan Chase & Co. JPMorgan (JPM.N) said it lost at least $2 billion from a failed hedging strategy. The Dow component was down 7.3 percent at $37.77 and weighed on the entire sector. Nvidia Corp (NVDA.O) rose 8.4 percent to $13.46 after reporting adjusted first-quarter earnings that beat expectations. The stock boosted the Nasdaq and was the S&P 500's top percentage gainer. U.S. consumer sentiment rose to its highest in more than four years in early May as Americans remained upbeat about the job market. The survey was a welcome sign amid worries that the economic recovery may be slowing down. "It sort ...

(Reuters) - Brent crude futures dropped more than $1 a barrel on Friday as weak industrial production data in China reinforced concerns about the global economy as worries about the euro zone intensify due to the political turmoil in debt-laden Greece. China's industrial production in April grew at its slowest pace in nearly three years, which along with poor trade numbers on Thursday, suggest the world's No. 2 economy continues to slow down after a weak first-quarter performance. That made investors, who were already edgy with Greece struggling to form a coalition government that is crucial to a bailout-funded recovery, shun risky assets. "Sentiment is very weak because of the overall economic situation. There is uncertainty over Greece, uncertainty over France," said Ken Hasegawa, a ...

Global stocks advanced for the first time in seven sessions on Thursday on relatively encouraging U.S. jobs data and improved investor sentiment regarding Europe's festering debt crisis. U.S. and European equity markets rose after data showed U.S. claims for unemployment benefits edged lower last week, a sign of comfort after April's weak employment growth was perceived as a harbinger of a worsening U.S. labor market. Investors also used a recent streak of declines to buy beaten-down assets, lifting the euro against the dollar for the first time in nine sessions and snapping a six-day losing streak for the Dow Jones industrial average. "You are seeing traders and investors come into some of these very oversold sectors and buying on the dips. Then suddenly, the people who are scared ...

Dukascopy Fundamental Analysis EUR Greece’s next government may hold a trump card worth more than $510 billion if it heeds voters’ demands to renegotiate its bailout with the European Union. USD Treasury prices declined on Thursday, pushing yields up from their lowest levels since February, as news out of Europe eased some near-term uncertainty and reduced demand for the relative safe-haven status of U.S. debt. GBP Bank of England officials halted stimulus expansion after seven months of bond purchases as the threat of inflation trumped concerns about an economy that’s succumbed to a double-dip recession. The nine-member Monetary Policy Committee led by Governor Mervyn King today held its quantitative-easing target at 325 billion pounds ($525 billion), ending a second round of stimulus. ...

Fundamental Analysis EUR "The grim unemployment figures for March will likely encourage talk about a long overdue ‘growth pact’ for the euro zone" - Martin van Vliet, an economist at ING Group Euro area unemployment rose to the highest level since 1997 in March and manufacturing contracted in April, adding to signs the economy is still far from out of the woods. USD "Employment growth is slowing" - David Sloan, an economist at 4Cast Inc. The number of Americans, who have found a job in the private sector fell to 119,000 in April from a revised 201,000 in March, the ADP Employer Services said on Wednesday. GBP " points to clear, decent construction expansion in April" - Howard Archer, chief UK economist at IHS Global Insight U.K. construction sector expanded slower in April, compared ...